Casio initiates a major drive against fake products

Global electronics giant Casio has started an anti-counterfeit drive by which the company is seizing duplicate products across the country. The company is taking such measures to control the market of fake watches and calculators. Casio is also taking legal action against importers, wholesalers, and retailers dealing in counterfeit items. From the start of June, the company has conducted many raids around the country with the help of local police.

Raids have been conducted on wholesalers and retailers dealing with counterfeit products in cities like New Delhi, Mumbai, Bengaluru, Coimbatore, Chennai, Kolkata, Vadodara, and Bhopal. During the raids, large quantities of counterfeit Casio watches and calculators were confiscated by the authorities.

Through this step, the company has been successful in passing on a strong message and creating a deterrent amongst the infringers of its brand and intellectual property rights. With the anti-counterfeit move, Casio has conveyed a strong message against infringers of its brand and intellectual property rights.

A senior police officer in Delhi said: “We had received a complaint from the company following which a drive was initiated in the city. We have recovered several hundreds of fake watches and calculators. More than a dozen people have been arrested in this regard and a case under relevant sections was registered.”

Casio has also initiated legal action against Snapdeal for sale of counterfeit calculators and watches on its online platform. In this matter, a Delhi court has granted an ad-interim ex-parte injunction order in favour of Casio, restraining Snapdeal inter alia from selling, displaying and advertising goods bearing the trademarks of Casio. The company has said that seizure through customs is one of the most effective ways of fighting counterfeit products. As part of its anti-counterfeit drive, the company has been actively training Indian Customs personnel across the country on how to identify fake products. Indian Customs personnel have been successful in seizing large quantities of fake Casio watches imported from China.

Source: Outlook India

Why counterfeiting diminishes the chances of foreign direct investment?

The world is a global village as there is a high interdependence of countries on each other in different fields. From world-wide-web to culture, technological innovation to trade, military alliances to transport there are many scenarios in which the world seems to function as a unified whole.

Among the above-mentioned aspects, trade and investment play an important role in the economic development of countries. Of late, Foreign Direct Investment (FDI) has become quite important for third world countries when it comes to their economic development. FDI impacts the economic growth of the host country (a country in which investment is done) through the transfer of new technologies, organization of human resources, increase in employment, linking of global markets, the rise of infrastructure and much more.

However, the rise of counterfeiting can damage the FDI prospects of a country and its potential to create valuable innovation centres. FDI is important for both advanced and emerging economies to increase their productivity and output. Lack of intellectual property rights and anti-counterfeiting measures diminish the chances of FDI. In India, the industries most impacted by lack of FDI due to counterfeiting include equipment manufacturing and pharmaceuticals.

The total reduction in FDI due to counterfeiting and piracy is quite harmful to aspects like employment, infrastructure and socio-economic development. Countries are sceptical of investing in prospecting countries with weak IP laws as it may lead to counterfeiting of their products, theft of their technologies, reduction in their profits and damage to the brand image.

With the implementation of stringent regulatory measures and anti-counterfeiting technologies, duplication can be prevented to a large extent which will further brighten the chances of foreign direct investment. For ensuring impeccable security against counterfeiting it is must that supply chains must also be secured. A comprehensive outlook towards anti-counterfeiting guarantees the economic development of a country.

If you require customized anti-duplication solutions for securing your products and supply chains, then call us on +91–785-785-7000 or mail us at connect@holostik.com

Honda two wheelers conducts raids to deal with fake auto spare parts

Recently, Honda two-wheelers conducted enforcement raids against manufacturers and traders who were dealing in its counterfeit products. In order to guarantee safety, the two-wheeler manufacturer created an Intellectual Property Rights (IPR) team in 2017. The team has until now implemented countless measures against traders, manufacturers and suppliers who deal in duplicate Honda spare parts.

In June 2019, the company with the help of local Police executed four raids in the cities of Delhi and Cuttack. The raids were conducted on traders, manufacturers, suppliers and unauthorized service centres. After the raids around 10,462 fake items including fake parts, accessories, dies, scooter guard kits, fake packaging machines and label printing machines were confiscated. The company said that the overall value of fake products and parts is valued at around Rs 49 lakh.

The police conducted two raids in Delhi on the basis of a complaint made by a manufacturer against fake parts and accessories being sold in Karol Bagh market and Bawana Industrial Area. In the city of Cuttack, the police raided premises of two service centres running under fake Honda brand name at Sector 9 and Chandi road.

Honda’s two-wheelers IPR enforcement team has collaborated with the local police as well as the investigation agencies and has jointly conducted raids in the cities like Delhi, Chennai, Bengaluru, Secunderabad, Hyderabad, Mumbai, Gandhinagar, Cuttack, Gadhi Hasaru (Gurgaon) and Ahmedabad. As a result of the raids 94,000 fake spare parts, accessories and other items worth Rs 2 crore have been seized.

Honda two-wheelers also pointed out that all genuine Honda parts feature tamper-proof high-security MRP label which can be used to differentiate between its genuine and fake auto spare parts. It also added that the company’s original spare parts are available at authorized outlets, service centres and distributors across India.

Source: Timesnownews.com